PS Business Parks (PSB) Getting Somewhat Positive Media Coverage, Analysis Shows

News coverage about PS Business Parks (NYSE:PSB) has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PS Business Parks earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 47.5360977493198 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

A number of research firms have recently weighed in on PSB. Zacks Investment Research cut PS Business Parks from a “buy” rating to a “hold” rating in a report on Monday, September 18th. JPMorgan Chase & Co. cut PS Business Parks from a “neutral” rating to an “underweight” rating and set a $135.00 price target on the stock. in a report on Friday, December 15th.

Shares of PS Business Parks (NYSE:PSB) opened at $116.25 on Monday. The firm has a market capitalization of $3,167.93, a P/E ratio of 38.75, a PEG ratio of 3.62 and a beta of 0.56. PS Business Parks has a twelve month low of $108.97 and a twelve month high of $137.60.

PS Business Parks (NYSE:PSB) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.87. The company had revenue of $100.48 million for the quarter, compared to analysts’ expectations of $99.55 million. PS Business Parks had a return on equity of 16.95% and a net margin of 39.78%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 earnings per share. sell-side analysts predict that PS Business Parks will post 6.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 13th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.92%. PS Business Parks’s dividend payout ratio (DPR) is presently 113.33%.

In related news, Director Joseph D. Russell, Jr. sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $131.50, for a total transaction of $328,750.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ronald L. Havner, Jr. sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $136.61, for a total value of $546,440.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,370 shares of company stock worth $1,257,849. Corporate insiders own 1.63% of the company’s stock.

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PS Business Parks Company Profile

PS Business Parks, Inc is a self-advised and self-managed real estate investment trust (REIT). The Company owns, operates and develops commercial properties, primarily multi-tenant flex, office and industrial parks. It focuses on owning concentrated business parks. PS Business Parks, L.P. (the Operating Partnership) is a California limited partnership, which owns directly or indirectly substantially all of its assets and through, which the Company conducts substantially all of its business.

Insider Buying and Selling by Quarter for PS Business Parks (NYSE:PSB)

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